By Dan Weil
The Federal Reserve needs to back off a bit from its extreme policy easing, as the economy already is in recovery mode, says Jim Paulsen, chief investment strategist at Wells Capital Management.
The economy grew 3 percent in the fourth quarter. If the Fed doesn’t back off, it risks sparking inflation, Paulsen tells Yahoo.
"They need to get out of that crisis mindset, because I don’t believe this country is any longer in crisis,” he says.
The Federal Reserve needs to back off a bit from its extreme policy easing, as the economy already is in recovery mode, says Jim Paulsen, chief investment strategist at Wells Capital Management.
The economy grew 3 percent in the fourth quarter. If the Fed doesn’t back off, it risks sparking inflation, Paulsen tells Yahoo.
"They need to get out of that crisis mindset, because I don’t believe this country is any longer in crisis,” he says.
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